Ctigroup Global Markets Mauritius has increased its stake in Tulip Telecom from 3.09 per cent (as of December 2009) to over 5 per cent by purchasing shares worth Rs 531.6 million through an open market transaction.

Citigroup Global Markets Mauritius has increased its stake in Tulip Telecom from 3.09 per cent (as of December 2009) to over 5 per cent by purchasing shares worth Rs 531.6 million through an open market transaction. It has bought 567,721 shares (1.95 per cent stake) at Rs 936.55 per share from the Mauritius-based Swiss Finance Corporation.